Jeffrey Lebowki: Um yeah, I’d like to take my money out of money markets and invest in co-ops instead. We currently get about 0.5% above inflation on that investment. How would a co-op compare? It’s only $750,000 btw

Johan Nygren:At Coop, you'd get 4%, $30000, but you'd obviously be consuming the $750,000 and not get to keep them.

Johan Nygren:what Basicincome.co adds to that is that those $30,000 are distributed across a wider network, and so are the $ that everyone else receives, and this evens out to create a distributed version of a basic income safety netJohan Nygren:the incentives to join are the same as for traditional co-operatives, producers of value join because they want to support their community, or because they want to use dividends to attract costumers, and consumers join to get dividends

It's amazing how everybody in the basic income movement seems to ignore that bit. No contribution, no food. It's innate.

Plus if a co-operative is making a profit sufficient to pay a dividend then very simply they are overcharging. Granting a post-hoc discount is no better than simply charging less in the first place - which is what a genuinely competitive retail market does in the first place.﻿

Johan Nygren:many people choose to consume from co-operatives. the profit is distributed, but people are still interested in the profit, and one dividend-scheme is that those who consume the most get the biggest share of the profit.

profit is still an incentive, but the reward is given to consumers rather than the executive CEO.

with the basicincome.co system, the profit incentive is shifted from consumers to network, the incentive-design is distributed even more.

and this system only gives dividends to those who have consumed, and thence contributed